Trump administration customs duties are dangerous for the rule of law as a global reserve currency, which can lead to loss of trust in the United States and increase lending interest rates. This was reported by the Associated Press (AP), citing economists.
For decades, the dollar has given the United States an "unusual privilege", it has reduced the cost of loans and has allowed them to influence other countries. However, according to AP, Trump's tariff policy is in danger of threatening that advantage.
"If the dollar loses its safe asylum status, the Americans will lift mortgage and car loan interest rates," he said.
